UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.013%

Price spread now: Arcus against Coinbase International+0.113%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 3 days (all we have)−0.446%−$45 · spread now +0.113%, 7d avg +0.059%

Together, before fees−0.360%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.054% dearer against Coinbase International than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.059%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 3 days funding on this pair paid +0.085%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	8.8250	0.0200	pay 0.0025% / 1h	53m 21s	$1.0M	$5.3M	50x
Short	Arcus UNI-USD	8.8350	0.0100	get 0.0013% / 1h	53m 21s	$273K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$21
Price spread: +0.113% → +0.059%: $5.39
Slippage, 4 orders: −$28.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$58.3
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Arcus: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 6 min ago	2.27 bp	10.8 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell Arcus live order book, 35 min ago	5.65 bp	9.3 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UNI	−0.0201%	8h	8.8015	−0.267%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8140	−0.125%	$102.7M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0072%	1h	8.8233	−0.019%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8279	+0.032%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8253	+0.003%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8150	−0.113%	$54.3M	$244.8M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8203	−0.053%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8170	−0.091%	$852K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8328	+0.089%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8203	−0.054%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8192	−0.065%	$216.0M	$593.8M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.8350	+0.113%	$273K	$605K	10x
Gate UNI_USDT	+0.0100%	8h	8.8210	−0.045%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8210	−0.045%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8210	−0.045%	$13.7M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8170	−0.091%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8190	−0.068%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8292	+0.048%	$978K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.017%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.068%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.238%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8180	−0.079%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8230	−0.023%	$87K	$335K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8200	−0.057%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8177	−0.083%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8221	−0.033%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8246	−0.005%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8230	−0.023%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8137	−0.128%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8233	−0.019%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0200%	1h	8.8250	long leg	$1.0M	$5.3M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8380	+0.147%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8268	+0.020%	$4.9M	$7.1M	50x	as long as short
dYdX UNI-USD	+0.0308%	1h	8.8218	−0.036%	$244K	$5K	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8184	−0.075%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8240	−0.011%	$553K	—	120x	as long as short
Lighter UNI	+0.0464%	1h	8.8330	+0.091%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNI	+0.0471%	1h	8.8328	+0.088%	$95.9M	$59.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.0501%	1h	8.8219	−0.035%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.397%	$657	$97K	12x	as long as short